SNC Lavalin Group Inc

I have been reading news on SNC lately and none of it is good. The Investment Reporter has removed this stock from their Key Stock List and Issued a sell on the stock. There is a report on this here. The largest shareholder and a shareholder for lots of Quebec companies of Caisse de Depot et Placement du Quebec seems to be losing patience with this stock also. There is a report on this in the Financial Post. Victor Ferreira on Financial Post says analysts slash target prices and stock price fell 10%. SNC Lavalin is back in the news yesterday according to Mark Gollom on CBC Canada about the ethics report by Mario Dion.

For a replacement stock I looked at both Chartwell Retirement Residences (TSX- CSH.UN, OTC- CWSRF) and Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) and Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) because they are good dividend payers and this stock is in my RSP account. I will go with Chartwell Retirement Residences (TSX- CSH.UN, OTC- CWSRF), but there is not a lot of money involved here.

For my Trading account in which I have just 100 shares, I will sell these and put the money into Evertz Technologies (TSX-ET, OTC-EVTZF).

Sienna Senior Living Inc (TSX-SIA, OTC- LWSCF) seems to me to relatively expensive. Brookfield Infrastructure Partners (TSX-BIP.UN, NYSE-BIP) has a very complicated structure. Some of the accounting does not add up. I looked at what TD WebBroker has on their site. It is different from the financial statements, but they make sense. Actually, I am not really that pleased with any of these stocks.

On my other blog I wrote yesterday about Onex Corp (TSX-ONEX, OTC-ONEXF) ... learn more. Next, I will write about Evertz Technologies (TSX-ET, OTC-EVTZF) ... learn more on Friday, August 16, 2019 around 5 pm.

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